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SP Property Trust - Fully Subscribed

Investment
The Asset

12–14 Marine Parade, Southport comprises a landmark 11-storey A-Grade commercial office building offering a net lettable area (NLA) of 8,482m², delivering high-quality office accommodation within one of Australia’s strongest performing office markets. Strategically positioned in the heart of the Southport CBD, the asset is located within the Gold Coast’s established commercial core, benefiting from strong population growth, limited supply, and sustained rental growth.

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The property features flexible floorplates of approximately 735m², allowing for both full-floor and split-tenancy configurations, supported by expansive glazing and elevated positioning with uninterrupted views across the Broadwater and Gold Coast Seaway. Constructed as an institutional-grade asset and progressively maintained, the building meets the evolving requirements of government, corporate and professional service tenants, underpinned by a 5.0-star NABERS Energy rating highlighting operational efficiency and sustainability.

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Furthermore, the asset benefits from dual street access via Marine Parade and Short Street, along with a substantial 4,773m² landholding providing long-term optionality. On-site amenities include 207 car bays, reflecting a strong parking ratio of 1 bay per 40m² of NLA. This level of parking provision, combined with proximity to key transport infrastructure and lifestyle amenity, enhances accessibility and represents a key competitive advantage within the Southport CBD.

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Key Stats
Address:
12-14 Marine Parade, Southport, QLD 4215
Property Settlement:
April 20, 2026
tenants:
Bupa, Queensland Newspapers, ADG Engineers, The State of Queensland
WALE:
1.8 years
Gearing:
50%
Investment Term:
5 years
Targeted Return:
8% P.A.
Note: Figures correct as at 31 December, 2025
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